Yangon developer looks to cash in on loop line improvements

YANGON — The Japanese trains trundling along the line that loops around Myanmar’s commercial capital, Yangon, are a throwback to an earlier era and a far cry from the modern carriages that whiz through Tokyo. But improvements to the Yangon Circular Railway are likely to speed things up a bit, starting this year, and they […]

This ex-Goldman banker quit to take over an empire in Myanmar

SINGAPORE — When Melvyn Pun agreed to take his former boss to Myanmar in 2012, little did he know that the trip would cause him to quit his high-profile job at Goldman Sachs Group. Melvyn had wanted to stay as head of corporate sales for Asia excluding Japan at Goldman, rather than join his father […]

Myanmar Aims to Increase Exports of Rice Husk-to- Biomass Products

Some Myanmar businesses are hoping to receive technical and financial support from the government to convert rice husks into biomass products for export purposes. Rice husks are the hard protecting layers covering each grain of rice. These are discarded during the rice milling process and can be converted into building materials, fertilisers, insulation material or […]

Yangon-Mandalay Train Journey will Shorten to 8 Hours by 2023

Japan has thrown its weight behind Myanmar’s railway development by funding the Yangon-Mandalay railway, according to the country’s foreign minister Taro Kono who held a joint press conference in the capital with State Counsellor Daw Aung San Suu Kyi on January 12. The railroad upgrade programme is expected to cut travel time between Yangon and Taungoo […]

Beans and Pulses Traders Hopeful to Tap China Market

​​ Beans and pulses produced in Myanmar have long relied on the Indian market, but the industry has started broadening their horizons to another giant market – China, said U Aung Soe, director general from Myanmar’s Trade Promotion Organisation under the Ministry of Commerce. A delegation, which consists of officials from the ministry and nine companies […]

More Asian Travellers Expected to Arrive in 2018

Industry players forecast tour packages from Asian markets to jump 25 percent in 2018 and 2019, while arrivals from European countries could dip by almost 20pc for the same period. U Khin Zaw, advisor of the Union minister of Hotels and Tourism, told The Myanmar Times on January 3 that the change in arrival pattern was […]

Regions and States Seek Permission to Operate Casinos

FIVE regional and state chief ministers have sought permission to operate casinos in hotels in their respective territories during a meeting with Vice President U Henry Van Thio in Nay Pyi Taw in last month, according to U Yan Win, chair of Myanmar Tourism Federation. The chief ministers from Mandalay, Tanintharyi, Shan, Kayin and Mon discussed […]

Overseas demand for locally-produced coffee expected to rise in 2018

Prospects are looking good for the Myanmar coffee industry, with coffee prices kicking off the New Year on a high level and domestic market conditions looking rather positive, coffee plantation workers said. The market price for ripe coffee cherries harvested in December is now K800-K900 per viss (1.6kg), which is at the higher end of […]

Kubota to Join $92 Million Project to Improve Water Supply System in Yangon

YANGON – Farming and construction equipment manufacturer Kubota Corp. has said it will build water supply infrastructure in Myanmar’s commercial capital of Yangon together with other Japanese and South Korean partners, to meet growing industrial and household demand for clean water in line with the Southeast Asian country’s economic development. The company, which also provides water […]

Bumpy Ride for Tourism Seen in 2018

The tourism industry this year went beyond expectations despite the sudden outbreak of violence in the northern Rakhine State that gave the country a negative image, but the sector is expected to face a more challenging environment next year. Tourist arrivals in the first 11 months this year was 20 per cent higher compared with the […]